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Greek leftists angered by government backtracking on election promises to ease austerity measures took to the streets of Athens for the first time since the leftist Syriza party came to power last month in an overnight melee that saw shop windows smashed, cars torched and rocks hurled at riot police. The violence by about 50 black-clad militants followed a Thursday night demonstration by more than 400 leftists opposed to the new government's capitulation to more budget cuts and tax collection in exchange for continued cash lifelines from European creditors already owed $270 billion. Early Friday, the German parliament voted to approve the four-month bailout extension for Greece that...

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Greek leftists angered by government backtracking on election promises to ease austerity measures took to the streets of Athens for the first time since the leftist Syriza party came to power last month in an overnight melee that saw shop windows smashed,...

Greece's creditors in the 19-country eurozone on Tuesday approved a list of reforms Athens proposed to get a 4-month extension to its bailout, which should keep the country afloat over the coming months.
An encouraging reaction from the so-called...

As Greece's new leftist leaders engage in an economic battle of chicken with their European creditors, the outcome of crisis talks portends dramatic consequences for the perennially indebted Mediterranean country as well as for its European lenders and...

Greece's creditors agreed Tuesday to accept its list of promised reforms and belt-tightening in exchange for a four-month extension of its bailout program in a move that should keep funds flowing to the cash-strapped country.
But the measures presented...

Caught between their election promises and the reality of bills to pay, Greece’s new leftist leaders Monday delayed delivery of a detailed plan to creditors for boosting employment at the same time they make deep spending cuts.Prime Minister Alexis...

Greece prevailed Friday in a high-stakes standoff with European creditors, winning a four-month extension on its debt repayment plan after threatening to default and plunge the entire 19-nation Eurozone and global financial markets into crisis.
The...

Wall Street nudged stocks to record highs as investors applauded a four-month extension of the tough bailout terms on Greece imposed by its European creditors.
The market moves were modest, but so was the temporary deal: Greek and European financial...

Greece and its creditors in the 19-nation eurozone reached an agreement Friday on extending the country's rescue loans, a move that should ease concerns it was heading for the euro exit door.
Jeroen Dijsselbloem, the eurozone's top official, said a...

Strong growth in Germany helped the eurozone economy expand faster than expected in the final three months of 2014, the latest in a string of indicators showing the region is picking up steam amid lower oil prices and a weaker euro.
Economic output...

A charm offensive by Greece's new leaders appears to have done little so far to persuade the country's skeptical creditors to modify the terms of the hated bailout that has kept its economy afloat since 2010.
Greece's far-left Syriza party was swept to...

The U.S. stock market sagged in the final half-hour of trading on Wednesday after Europe's central bank withdrew a key financial support for Greek banks. The price of oil plunged, dragging down energy stocks. The European Central Bank late in the day said...

The Times' editorial Tuesday about Greek voters rebelling against the austerity measures demanded by international authorities led several readers to liken Greece's budget problems to those closer to home.
"The benefits of a democracy in voting to...

Greek voters collectively shouted “We're mad as hell!” last weekend, sweeping into power a radical left-wing party that campaigned against austerity. The election didn't improve the country's fiscal health; the government is so deep in debt, it could very...

A triumphant Alexis Tsipras told Greeks that his radical left Syriza party's election victory Sunday meant an end to austerity and humiliation and that the country's regular and often fraught debt inspections were a thing of the past.
"Today the...

Mario Draghi led the European Central Bank into a new era with an historic pledge to buy government bonds as part of an asset-purchase program worth about 1.1 trillion euros ($1.3 trillion).
The ECB president side-stepped German-led opposition to...

The European Central Bank announced a huge monetary stimulus plan designed to boost the region's sagging economy and fend off the specter of deflation.
At a packed news conference streamed online from the ECB's headquarters in Frankfurt, Germany, the...

In the summer of 2012, with the euro in crisis and the European experiment of unified government seemingly on the brink, the head of the European Central Bank made a now-famous vow.
"The ECB will do whatever it takes to preserve the euro,"...

Mario Draghi has proposed spending as much as $1.3 trillion as the European Central Bank seeks to revive inflation in the euro area.
The ECB president and his Executive Board recommended asset purchases of 50 billion euros a month until December 2016,...

Another choppy day on Wall Street is ending with stocks higher on hopes for new stimulus for Europe's economy and on a sharp rise in oil. The Standard & Poor's 500 index rose nine points, or 0.5 percent, to close at 2,032 Wednesday. The Dow Jones...

The International Monetary Fund on Tuesday upgraded its economic growth forecast for the U.S. based on stronger demand fueled by lower oil prices, but the organization downgraded its global outlook because of continued fallout from the 2008 financial...